Report: NBA Fell $1.5 Billion Short Of Revenue Projection

[ducks]

October 24, 2020

The NBA, which was the first pro league to suspend play amid the COVID-19 pandemic, made $1.5 billion less than it projected last season due to the pandemic and other factors, according to an Associated Press report.

The league shut down March 11, then returned to finish a shortened season at the ESPN Wide World of Sports Complex near Orlando.

That restricted access, all-inclusive bubble, which was run at an estimated cost of $200 million, was one of the factors that hit the NBA’s bottom line.

Other factors were the initial shutdown, the loss of 171 regular-season games, the lack of attendance for games in the bubble and China’s decision to not show games after an October tweet by former Houston Rockets GM Daryl Morey in support of Hong Kong.

The league’s Board of Governors is currently meeting to discuss the start date for the 2020-21 season, potential fan attendance and possibly a shortened schedule., with a push to start the 2020-21 NBA season by Christmas apparently gaining momentum.

The Athletic reported Friday that the NBA is targeting a Dec. 22 start date and a 72-game regular season that would finish before the start of the 2021 Summer Olympics, which are set to begin on July 23 in Tokyo.

–Field Level Media

[MarCowMar]

The other factor was the NBA got it in their heads that their customers were buying sanctimony rather than sports entertainment.

They ran the bubble pretty well, but that sanctimony alienated many fans rather than financially maximizing a locked down population starved for sports, normalcy, and unity.

Get a clue Silver: sports have unified this country for decades by simply allowing people of all backgrounds to get together and compete at something they all enjoy. Get back to that.

[ZeusWillJudge]

I'm not going to get involved in the causes. There will be enough shit-slinging from both sides without my input.

The league and the union are going to try to smooth this out, so that it doesn't hit the salary cap (BRI) the way it normally would. But it's got to have an effect on salary cap for at least several years. I started to make a thread about it a while back. The teams that handle personnel well for the next couple of years will have a leg up on the rest. It should be a factor in all draft/FA decisions.

[exstatic]

Next year won’t be much better. They were going to try to wait until MLK day, so they could have fans back in the arenas, but it doesn’t look like that’s a player, which is why they want to start earlier, and get those lucrative Christmas games played, and do 70-72 games.

[BackHome]

Yeah see zero chances of them playing in December.

[cd021]

The other factor was the NBA got it in their heads that their customers were buying sanctimony rather than sports entertainment.

They ran the bubble pretty well, but that sanctimony alienated many fans rather than financially maximizing a locked down population starved for sports, normalcy, and unity.

Get a clue Silver: sports have unified this country for decades by simply allowing people of all backgrounds to get together and compete at something they all enjoy. Get back to that.

Don't buy that tbh, the NBA knows its fan base pretty well. I highly doubt they lost "many" fans because of words on a court.

[cd021]

Yeah see zero chances of them playing in December.

Yeah, that's an incredibly tight timeline. The draft is November 18th, the draft, free agency, training camp, and the pre-season would have to happen in like 32 days.

[baseline bum]

Yeah, that's an incredibly tight timeline. The draft is November 18th, the draft, free agency, training camp, and the pre-season would have to happen in like 32 days.

Plus you'd have to start quarantining again considering this nation is probably going to be getting completely raped by COVID again by Christmas. No way we're not going to ramp up big after Thanksgiving with everyone meeting indoors in large groups.

[Seventyniner]

I'm not going to get involved in the causes. There will be enough shit-slinging from both sides without my input.

The league and the union are going to try to smooth this out, so that it doesn't hit the salary cap (BRI) the way it normally would. But it's got to have an effect on salary cap for at least several years. I started to make a thread about it a while back. The teams that handle personnel well for the next couple of years will have a leg up on the rest. It should be a factor in all draft/FA decisions.

Agreed. Salary cap flexibility is going to be much more important in the next 2-3 years than it has been for a while. I bet the tax formula gets adjusted at some point too, otherwise at least a few owners will be in some huge trouble. Especially because it's all but guaranteed that revenue won't recover to 2019 levels in 2021. Perhaps not ever.

In fact, one thing the owners might push for in the next CBA is to have all salaries defined in terms of percentages of the cap rather than dollars. I think this would 100% cause a another lockout, but the owners seem to always have all the leverage in these situations. Probably because they can last a year without income much more easily than most members of the NBPA.

[8FOR!3]

Plus you'd have to start quarantining again considering this nation is probably going to be getting completely raped by COVID again by Christmas. No way we're not going to ramp up big after Thanksgiving with everyone meeting indoors in large groups.

Likelihood is vaccines start going out by Christmas. It will take a few months though to really get them out to the public. 4-6 months is my guess.

[Allan Rowe vs Wade]

Likelihood is vaccines start going out by Christmas. It will take a few months though to really get them out to the public. 4-6 months is my guess.

optimism

[baseline bum]

Likelihood is vaccines start going out by Christmas. It will take a few months though to really get them out to the public. 4-6 months is my guess.

The vaccine still takes a month and a half to be effective and god if the first batch goes to pro athletes instead of doctors, nurses, and EMTs and then the next batch doesn't go to people 65+ with risk factors and / or lots of exposure (eg through working). And a vaccine by Christmas is a real stretch.

[8FOR!3]

optimism

I could be off by a few months but I don't think I'm way off. But maybe a little optimistic, yes.


The vaccine still takes a month and a half to be effective and god if the first batch goes to pro athletes instead of doctors, nurses, and EMTs and then the next batch doesn't go to people 65+ with risk factors and / or lots of exposure (eg through working). And a vaccine by Christmas is a real stretch.

I don't think a vaccine by Christmas is a stretch but that doesn't mean it's a guarantee either. But yes you're correct I was just throwing that out there.

[spurs10]

A December start is not going to happen. Yesterday was the biggest day of infections yet and things are not improving with all the rallies and crowds of people. If they try to push it before a vaccine is working they'll be refunding billions of dollars of tickets.

[buttsR4rebounding]

Don't buy that tbh, the NBA knows its fan base pretty well. I highly doubt they lost "many" fans because of words on a court.

Based on what?

[DMC]

Meh, the NBA is a joke anyhow, about at the level of Storage Wars.

[cd021]

Based on what?

The post I responded to claimed that the NBA alienated their fan base due to political message, there isn't any evidence of that. In fact ratings seem to be down in other sports, as well as revenue.

Ratings were down , in the NBA, for a number of reasons including random start times and more competition with other big live events. In fact ratings seem to be down in other sports, as well as revenue.

Revenue is down because hundreds of games had to be cancelled and remaining games had to be played without fans, that alone is 40% of revenue down the drain.

[Dex]

Yeah, that's an incredibly tight timeline. The draft is November 18th, the draft, free agency, training camp, and the pre-season would have to happen in like 32 days.

They dealt with a similar situation after the 2011 lockout, didn't they?

[talkspurs]

They dealt with a similar situation after the 2011 lockout, didn't they?

I think the draft was as usual. Them pushing back the draft actually makes this time seem much closer. If they did not move the draft back they could still do FA starting on the 9th and have it after the draft as usual. Since they waited on the draft if they want FA to start after then cant start till the 10th. I am thinking there will be no waiting period this year though. I bet as soon as a player agrees to a deal he will be able to sign since they will have the "cap" for next year already figured out.

[Spurtacular]

Happy to see it. They sold out to communists.

[Dex]

I think the draft was as usual. Them pushing back the draft actually makes this time seem much closer. If they did not move the draft back they could still do FA starting on the 9th and have it after the draft as usual. Since they waited on the draft if they want FA to start after then cant start till the 10th. I am thinking there will be no waiting period this year though. I bet as soon as a player agrees to a deal he will be able to sign since they will have the "cap" for next year already figured out.

Good point. Fitting in draft + free agency + training camp + preseason in essentially 5-6 weeks would be...crazy to say the least.

Granted, I feel like free agency is stretched out longer than it needs to be, and preseason could stand to be shortened...so that's the low-hanging fruit in my opinion.

[Dirks_Finale]

Happy to see it. They sold out to communists.

[exstatic]

Good point. Fitting in draft + free agency + training camp + preseason in essentially 5-6 weeks would be...crazy to say the least.

Granted, I feel like free agency is stretched out longer than it needs to be, and preseason could stand to be shortened...so that's the low-hanging fruit in my opinion.

Draft takes a day, free agents can sign as quickly or slowly as they want, and I’m guessing no pre-season.

[BacktoBasics]

I like numbers. I don't think the $1.5 billion "short fall" is accurate and its probably much worse. EVERY TEAM was put $46.9 million in the red on average. Last years soft cap was $115 million. Lets lop that off the WOKE PLAYA's Salaray, they are 100% responsible for the BLM implosion,(also didn't the whole lock down start with that moron Rudy Gobert?). If the PLAYA's had any loyalty they would all take a pay cut and drop that cap to $68.1 million next year JUST TO INSURE THEY HAVE A FUTURE.

We all know Da WOKE PLAYA's and "Bout Dat" and will Cut off their noses to spite their faces and feet ENTITLED to the "OWNERS"(member that woke controversy lol) to EAT another $50 million to KEEP THEM IN the PENTHOUSE.......

If the NBPA was a REAL UNION they'd already have convened an Emergency Meeting and been talking to The League. If Adam Silver weren't a Puppet of the CCP he'd be demanding they do it. If POOP was a WISE, Intelligent and "IN WE TRUSTLY" he'd be piping up about it.


Can't wait.

They should all just say FUCK THE MASK, WE SELLING TICKETS.... Come ONE COM ALL to the Arena.......

but they spent the ENTIRE BUBBLE doing REMOTE interviews with FUCKING MASKED ON...............

OH Shit!!! its like Christmas MOURNING for me.........

https://encrypted-tbn0.gstatic.com/images?q=tbn%3AANd9GcRdF__gkOrpiZtAYrQyW3KsXaGlAT8 y_wfnrQ&usqp=CAU

Almost everything you post is rooted in your inability to rationalize and view things without extreme political bias.

Half the shit you spew is born out that alternative view. Anyone living in an extreme political perspective can find references that speak to what they want to hear.

I can dig up an article that speaks to the benefit of eating feces. Can I count on you to eat shit or would you dismiss it because it’s not what you want to hear.

[GAustex]

The billion with a b and prolly under stated.
I do watch the spurs but that’s about it

[ChumpDumper]

Happy to see it. They sold out to communists.Jimmer literally plays in a communist league for communists.

[Spurtacular]

Jimmer literally plays in a communist league for communists.

So, doing business with China bad now?

[Spurtacular]

the CUMDUMPER persona with that shity avatar from a crappy 80s teen movie is one of the saddest of the sad OG DOINK Sperg Eyetesters on this message board.

He may possibly doing really bad stuff in real life, tbh. But careful what you say, as he will narc you out and try to get you banned.

[BacktoBasics]

Dunderhead, its a balance sheet

its about reavnue and profits you snowflake there are no "alternative views" to profit and debt.

The SPURMS are $50+million in the HOLE after last year and are facing ANOTHER DEFICIT. That has nothing to do with some crappy article written by some google smart English major at some shitty media company like buzz feed contains.

You are projecting your shit on to simple statistics and my logical conclusions based on them. FOOL.

I’m not questioning statistics. It’s the assumption you draw from them and the biased shit you spew as a result. It’s not a logical conclusion it’s lazy propaganda.

I sincerely doubt you’re a Spurs fan let alone a fan of sports at all. Your motive on this forum is pretty clear when nearly every post you make is salted with rhetoric aimed at mocking the way black people speak.

We get it. Woke is bad and your pissed that black athletes are using their celebrity to create unity and promote a better community.

This isn’t a logical conclusion that you’ve settled on. It’s what your told to believe and what you’re told to attack.

[BacktoBasics]

the CUMDUMPER persona with that shity avatar from a crappy 80s teen movie is one of the saddest of the sad OG DOINK Sperg Eyetesters on this message board.

Kinda funny how you attempt to sound witty with poorly used slang immediately after going after black people for their vernacular.

Really great example of what a hypocrite you are and it also shows a certain level of racism where your slang is acceptable and theirs is not.

[ElNono]

Time to go talk to our Chinese overlords and get a bailout, tbh...

[koriwhat]

they want to be buddy buddy with the ccp then so be it; move the league over to china and fuck off already. hope the nba burns to the ground if that's the case.

[koriwhat]

I doubt you're even black.

i wouldn't doubt if you're right tbh.

[baseline bum]

A December start is not going to happen. Yesterday was the biggest day of infections yet and things are not improving with all the rallies and crowds of people. If they try to push it before a vaccine is working they'll be refunding billions of dollars of tickets.

Can't see any way there would be fans allowed next season and thus no tickets to refund considering NBA arenas are indoors. If Redfield is right about a vaccine not being widely available to the general public until Q3 2021 we're not likely to see fans at games until early 2022. Maybe a few teams could have fans show up to the occasional game played in outdoor tennis stadiums like the Lakers did for one of their preseason games a year or two ago but other than that I'm not seeing fans at games next year. They'll probably need to do another bubble again.

[BacktoBasics]

Let me BOTTOM LINE the HEADLINE again for you guys

50 MILLY is the DEPT that each Team incurred if you distributed this over all teams.

The MEDIAN profit of the league Last year wide was 65 Milly with OKC -25 MILLY in the RED LAST YEAR

"Big Market" teams value and Revenues are dependent on REAL ESTATE values and Revenue. They are in NYC LA CHICAGO ect where the FLIGHT from Anarchy is crashing that REAL ESTATE Market so they aren't gonna have the greenbacks to keep paying PLAYA s the chedder they feel ENTITLES too.

Irony of Irony's is gonna be when they start asking for a bail out from the FEDS.... three.. two... one..


If you can't see this you're a character fake or just plain BacktoBasics from now on BacktoBasics on this message board should be used as a place instead of MORON IDIOT DOPE DUNDERHEAD.....
I don’t doubt for a second that you’ve molested someone in your life. Typical keyboard warriors tend to prey on people they feel are inferior.

You’re clearly projecting inadequacies and intolerance here because you feel it’s a place you can safely act out. Perhaps it gives you an outlet you might otherwise direct at a minor or physically disabled person. So maybe it’s not all bad.

[BacktoBasics]

Should I report this filth? Like Managment Bolded you and have allowed you to post his stupid stuff for over ten years. Dunderhead go with god.

Keep praising Dem Grades.

Of course you’ll report me. You spew fucking lies and trash here daily but the moment you get a little back you’re butthurt and need protection. It’s all “free speech” until you need to insulate yourself from someone who’s not willing to entertain your bullshit.

You guys are all the same. You seek to spam and promote an agenda desperately seeking like minded individuals to validate you.

I’ve spent my entire life voting conservatively. Consider yourself a huge contributing factor in conservatives moving away from the current crop of extremists such as yourself.

[BacktoBasics]

Oh no. Head in sand. He’ll never hear me. Silence the oppressors.

Anyone who’s been here knows I’m not an alt of CD. What a dumb twat.

Put your money where your mouth is. If I’m a CD alt I’ll leave forever. If I’m not his alt you leave forever.

C’mon now. Don’t be a pussy. Back up the shit you spew.

[spurs10]

LOL

no wonder POOP has run Roughshod all over SA and its People, look around you. People are at stores restaurants and even attending college football games.....

MILLIONS in Dark Skinned Vitamin D deficient CONTINENTS aren't keeling over dead with the RONA.... lol

Spurs SPurs DOinks and Eye testers must be part ground hog

Scared of their own Shadows Listen, it's highly doubtful there are 20,000 people as ignorant as you that have enough money to buy a ticket to an NBA game, so I stick by my prediction of no games in December.

[exstatic]

Listen, it's highly doubtful there are 20,000 people as ignorant as you that have enough money to buy a ticket to an NBA game, so I stick by my prediction of no games in December.

They’re not going to have fans, at least not at first. If they waited until it was practical and safe to have fans, there would BE no next season. They want to do like 70 games, and get the schedule back in sync. It would have to start in December to do that.

[spurs10]

They’re not going to have fans, at least not at first. If they waited until it was practical and safe to have fans, there would BE no next season. They want to do like 70 games, and get the schedule back in sync. It would have to start in December to do that. Yeah I could see that. Starting the season in December would work then.

[ChumpDumper]

https://i.imgur.com/pRwaLhE.jpg


DunderHead Gonna Dunder head but we all know your just CUMDUMPERS Alt


Oh no. Head in sand. He’ll never hear me. Silence the oppressors.

Anyone who’s been here knows I’m not an alt of CD. What a dumb twat.

Put your money where your mouth is. If I’m a CD alt I’ll leave forever. If I’m not his alt you leave forever.

C’mon now. Don’t be a pussy. Back up the shit you spew.

:lol I want in on this action.

[Trainwreck2100]

https://youtu.be/Ouv0dgOA_Kg
SUCKER keep listening to your overlords SLAVE

Yeah man thanks for putting that here, now youtube's algorithm is going to think I'm an idiot and i'll be having to ignore dumbfuck videos for like 2 weeks

[offset formation]

I like numbers. I don't think the $1.5 billion "short fall" is accurate and its probably much worse. EVERY TEAM was put $46.9 million in the red on average. Last years soft cap was $115 million. Lets lop that off the WOKE PLAYA's Salaray, they are 100% responsible for the BLM implosion,(also didn't the whole lock down start with that moron Rudy Gobert?). If the PLAYA's had any loyalty they would all take a pay cut and drop that cap to $68.1 million next year JUST TO INSURE THEY HAVE A FUTURE.

We all know Da WOKE PLAYA's and "Bout Dat" and will Cut off their noses to spite their faces and feet ENTITLED to the "OWNERS"(member that woke controversy lol) to EAT another $50 million to KEEP THEM IN the PENTHOUSE.......

If the NBPA was a REAL UNION they'd already have convened an Emergency Meeting and been talking to The League. If Adam Silver weren't a Puppet of the CCP he'd be demanding they do it. If POOP was a WISE, Intelligent and "IN WE TRUSTLY" he'd be piping up about it.


Can't wait.

They should all just say FUCK THE MASK, WE SELLING TICKETS.... Come ONE COM ALL to the Arena.......

but they spent the ENTIRE BUBBLE doing REMOTE interviews with FUCKING MASKED ON...............

OH Shit!!! its like Christmas MOURNING for me.........

https://encrypted-tbn0.gstatic.com/images?q=tbn%3AANd9GcRdF__gkOrpiZtAYrQyW3KsXaGlAT8 y_wfnrQ&usqp=CAU

Dude. Speak fucking English. You aren't one of the cool kids. Lol.

[KobesAchilles]

I just wonder how this is going to hamper the 2022 season. Isn’t that when the lockout could happen? Would be a shit show for the NBA if they lose money 3 years in a row

[BacktoBasics]

Why won’t Drew take the bet. Why can’t he back up the things that come out of his mouth.

Come on Drew. Take the bet and stop spamming.

[exstatic]

I just wonder how this is going to hamper the 2022 season. Isn’t that when the lockout could happen? Would be a shit show for the NBA if they lose money 3 years in a row

No. One of the things that was delayed was the date for the mutual opt out for this coming season, not 2021.

[KobesAchilles]

No. One of the things that was delayed was the date for the mutual opt out for this coming season, not 2021.
When does the collective bargaining agreement end then?

[exstatic]

When does the collective bargaining agreement end then?

Don’t know. Any opt out is usually a year or two before the end of the agreement.

[Rummpd]

Good with its farce/sham *** title by the anointed Fakers who benefited/injuries/nebulous calls and the non suspension of Davis game 6 (hitting Heat player in face game 5) and still taking 6 games to beat a beat up JV lite East team it is hard to respect NBA and the skeleton ghoul that bends with the wind as it’s commish. Ratings down 51 percent so of course they lost $

[lefty]

prove it

[Rummpd]

prove it

Ratings were down 51 percent despite NBA protecting their team and having their anointed Kang in finals. Non disputable.

[ChumpDumper]

Ratings were down 51 percent despite NBA protecting their team and having their anointed Kang in finals. Non disputable.TV revenue for the current year isn't based on ratings.

[Rummpd]

TV revenue for the current year isn't based on ratings.

Know that but future might

[ChumpDumper]

Know that but future mightThe national TV deal runs through the 2024-25 season.

[TimDunkem]

I wonder what the WNBA numbers look like considering NBA players are donating money to it now. :lol

[Trill Clinton]

MLB finishes with a $3.1 billion shortfall. Yikes!


1320854718462238728

[exstatic]

MLB finishes with a $3.1 billion shortfall. Yikes!


1320854718462238728

Must have been that social commentary...

[pad300]

Must have been that social commentary...

You're being dishonest here. Baseball played a 60 game season (normally 168), with covid restrictions on stadium seating for all of it. The nba got to ~64/82 games at full capacity and another 8 games in the bubble.

[exstatic]

You're being dishonest here. Baseball played a 60 game season (normally 168), with covid restrictions on stadium seating for all of it. The nba got to ~64/82 games at full capacity and another 8 games in the bubble.

What’s dishonest is saying that it was BLM that cost the NBA money. Clearly, all major sports struggled.

[exstatic]

Woj bomb: of the $1.5B shortfall, $200M are shortfalls in China. Thanks, Morey.

[gospursgojas]

Here for the “I told you so” racists.

Followed by their “keep politics out of sports” disguise.

[ducks]

Woj bomb: of the $1.5B shortfall, $200M are shortfalls in China. Thanks, Morey.

Wow I thought Trump was to blame for everything bad

[lefty]

Yeah man thanks for putting that here, now youtube's algorithm is going to think I'm an idiot and i'll be having to ignore dumbfuck videos for like 2 weeks
:lmao

[Degoat]

Ratings just fell short because of football, the people that were bothered by the political or social issues don’t watch basketball to begin with. It will be interesting tho the players are in a tough spot, they’re gonna have to sacrifice a lot the next 2 seasons possibly

[koriwhat]

Woj bomb: of the $1.5B shortfall, $200M are shortfalls in China. Thanks, Morey.

fuck woj... he's a bitch and morey is the man!

[exstatic]

fuck woj... he's a bitch and morey is the man!

Someone with calf tats calling someone else a bitch. Rich.

[Rummpd]

The national TV deal runs through the 2024-25 season.

Here’s hoping then a couple more down years are coming. Not sure which is more at fault NBA or the union but hope they are fighting for a smaller slice of pie going forward.

[ChumpDumper]

Here’s hoping then a couple more down years are coming.Why?

[exstatic]

Why?

Because Trump. The NBA is sports enemy #1.

[koriwhat]

Someone with calf tats calling someone else a bitch. Rich.

:lmao tattoos make someone a bitch... fuck out of here bitch! lol